PESHAWAR: Khyber Pakhtunkhwa Chief Minister Mahmood Khan has announced that his government will participate in the 2020 Dubai World Expo for the promotion of tourism and other sectors in the province.

He also said a high-level delegation from tourism, health, education and industries sectors would be sent to Abu Dhabi very soon to discuss bilateral trade and investment with the local authorities.

The CM was speaking to a delegation of the Chamber of Commerce, Abu Dhabi, at the Chief Minister’s House here on Friday, wherein investment opportunities came under discussion, said a statement issued here.

Member of Abu Dhabi Chamber of Commerce Khan Zaman Saroor led the delegation, while provincial finance minister Taimur Saleem Jhagra, adviser to the CM on education Ziaullah Bangash and relevant officials also attended the meeting.

CM says delegation will be sent to Abu Dhabi to discuss trade, investment

Dr Niaz Ahmad Khan briefed participants about the economic formula to boost the economy of the province claiming its implementation would turn around the economy of the province.

Highlighting its implementation and monitoring and establishment of a monitory fund, he said the formula would cause the creation of five million jobs, reduce inflation, tax and duties and help meet budgetary needs in the province.

“This is a zero-risk formula following which can help the government get its economic goals and objectives. It will promote interest-free banking,” he said.

The chief minister appreciated the revolutionary economic formula of the delegation and said the government would take up the formula with the federal government.

“I will present this formula to the federal government and will support its implementation at all levels,” he said.

Mr Mahmood invited visitors to invest in different sectors of the province.

He also welcomed the formula for the province’s economic revolution and said his government would take it up with the federal government.

The delegates informed the chief minister about the 2020 Dubai World Expo and urged the government to participate in it to promote tourism between Pakistan and UAE.

They said there existed vast opportunities for bilateral investment in oil and gas fields.

The chief minister said provision of jobs to youths was the top priority of the government.

He said the companies and firms taking interest to invest in KP would be provided human resource and other facilities also.

The meeting agreed in principle on the training of investors in health, education and marble sectors.

The delegates said several investors and companies of UAE, especially of Dubai and Abu Dhabi, had keen interest to invest in all sectors of Khyber Pakhtunkhwa.

They said the government of UAE also wanted to promote bilateral investment but for that, the government-to-government coordination was necessary.

The chief minister said he would form a high-level delegation to represent the province in Abu Dhabi to promote tourism and investment.

He said a meeting would be convened to make a fully-fledged plan for the purpose where all stakeholders would be taken on board.

Published in Dawn, January 19th, 2019